41 USC 4707: Remission of liquidated damages
Text contains those laws in effect on November 14, 2024
From Title 41-PUBLIC CONTRACTSSubtitle I-Federal Procurement PolicyDivision C-ProcurementCHAPTER 47-MISCELLANEOUS
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§4707. Remission of liquidated damages
When a contract made on behalf of the Federal Government by the head of a Federal agency, or by an authorized officer of the agency, includes a provision for liquidated damages for delay, the Secretary of the Treasury on recommendation of the head of the agency may remit any part of the damages as the Secretary of the Treasury believes is just and equitable.
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| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 4707 | 41:256a. | Sept. 5, 1950, ch. 849, §10(a), |